Hi Everyone,I'm looking to get started flipping houses out of state with partners. Before I talk to my CPA, I was wondering what was the most common method for asset protection for flips? I have seen many who use land...
Hi all, it’s been a while since I last posted to the forums and thought I would share an interesting situation I came across with the BP world. As the title states…I am looking for a spouse, not for me as I already h...
Here's the situation:
After a direct marketing campaign, I got a call from a woman that owns two parcels of land within city limits in Southern Mississippi. The first is approximately 3 acres and has road frontage. T...
I own a single family with four girls renting it out. They all signed one single lease but split the rent evenly amongst them. I had a call from one of the tenants yesterday explaining that she wants to move out of th...
... if the IRA runs out of funds to cover those expenses or pay for required repairs, etc. Example:IRA starting: $200,000Purchase property: $180,000IRA remaining: $20,000Repairs needed before being able to rent/lease ...
Seller owns house free and clear but has not cash to move. Not sure how I can give her cash prior to me purchasing the home.
Need some ideas of how this might work. Let me know your thoughts.
I caught wind of a home in my uncles neighborhood that is to be foreclosed upon in “the next 30 days” according to the homeowner. The potential sale price is something I could pay cash for. The owner and I have discus...
I'm trying to help a friend defer capital gains tax in Michigan.He is selling a business and the real estate to a single buyer, however the property is owned separately under an LLC, which will remain in the Sellers o...
Hi BP,I intended to BRRRR a property in Baltimore City by initially using a Hard Money Loan (HML). The lenders that I've spoken with thus far will only lend to an LLC. I have no problem creating a single-member LLC, ...
I would like to know how to lend in judicial states like il, Ny. Where it could take many years to forclose in case of default.
I have been suggested to put a trust together between the finance partner an...